Rosneft has just announced an operation of accelerated book building to sell 9% of Saras's equity. Rosneft will keep 12% of the capital and remain on the board. The transaction price to institutional investors, according to Reuters, is €1.9 per share: a 3% discount to the one-month average and a 10% discount to the previous closing. Rosneft agreed with UBS (which is arranging the operation) that it will not sell any more of Saras's shares for the next six months.
20 Oct 2015
Rosneft sells 9% of Saras
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Rosneft sells 9% of Saras
SARAS S.p.A. - Raffinerie Sarde (S7A:FRA) | 0 0 0.4% | Mkt Cap: 1,544m
- Published:
20 Oct 2015 -
Author:
Marzio Foa -
Pages:
2
Rosneft has just announced an operation of accelerated book building to sell 9% of Saras's equity. Rosneft will keep 12% of the capital and remain on the board. The transaction price to institutional investors, according to Reuters, is €1.9 per share: a 3% discount to the one-month average and a 10% discount to the previous closing. Rosneft agreed with UBS (which is arranging the operation) that it will not sell any more of Saras's shares for the next six months.